How will the stock markets react? China, or more precisely the Hubei Province (where the city of Wuhan is located) reported a massive increase in both infections and deaths today. This might be an indirect admission that the previous figures were manipulated. The big question now is: why is this probably more realistic representation of the situation happening right now? Yesterday Beijing claimed that the peak might already have been reached. They asked the US to reactivate the flight connections. Now the sudden turning point. Today the stock markets are therefore initially in risk-off mode. The already choppy coronavirus crisis is suddenly back with full force!
China: Stock markets on the upswing despite trade dispute – index adjustments could still spur this on
As we know a fierce trade dispute between the USA and China has been going on for over a year now. At the forefront is the reduction of the trade deficit. But at the top […]
In economic terms the score is 1-0 for China against the USA! Tonight again a much better than expected Caixin Purchasing Managers Index from China (services). Today the ISM Index from the USA will give […]
Due to the Whitsun holiday, the DAX only opens for trading today. It opened at 11,895 with an upward gap of 309 points. Friday’s closing price was 11.586. It will be exciting to see whether […]